RE: Thoughts about GLX unstaking and SPS staking
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I've been struggling with the same thoughts. Thought about exiting GLX but the APR is just too damn high atm. Also, had some extra HIVE and first was gonna spend that on GLX, then SPS, and eventually jumped 50/50 on both.
Great post, gave me more to think about! 😅
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Yup. 50:50 might be the best way to go about it.
On one hand, GLX has such a high APR and staking makes more sense. However, in the long run, SPS makes more sense for flipping.
Do you have plans to flip SPS or just staking and hoping for higher APR from staking rewards if the price pumps in the future?
That's one aspect I've also thought about, my SPS stake is pretty low so I'd thought about flipping it to eventually increase my stack, besides the APR is so low. Maybe I need to get rid of this mindset that I need it staked to get GLX.
By making some moves with SPS I might end up with much more SPS and maybe more GLX if I'd stake again with a larger amount.